Purpose

To note the financial monitoring report

Decision

It was RESOLVED: -

1. 1.1          That Cabinet approved the transfer of the surplus in the financial year of £5.7m to the Mid Suffolk Plan Implementation Reserve.
2. 1.2          That Cabinet approved the transfer of the £20m dividend from Gateway 14 to the Mid Suffolk Plan Implementation Reserve
3. 1.3          That Cabinet approved the carry forward of £4.6m from 2024/25 capital programme to the 2025/26 programme.

REASON FOR DECISION

To ensure that Members were kept informed of the financial position for both General Fund Revenue and Capital and to approve earmarked reserve transfers.

Alternative Options Considered and Rejected:

The recommended option is set out in the Recommendations. There were no other available options.

Any Declarations of Interests Declared: None

Any Dispensation Granted: None